AerCap executes sale transactions for 18 aircraft in Q1 2020

Ireland-based AerCap Holdings N.V. (NYSE: AER) has announced that, during the first quarter 2020, it executed sale transactions for 18 aircraft, including 5 Airbus A320 Family aircraft, 6 Boeing 737NGs and 1 Boeing 747 from AerCap´s owned portfolio, the company said.

AerCap said it executed sale transactions for 1 Airbus A320 Family aircraft, 2 Airbus A330s, 2 Boeing B777-200ERs and 1 Boeing B777-300ER from AerCap´s managed portfolio.

The company continues to manage 5 aircraft that were sold from its owned portfolio during the quarter.

The company reported that it:
-signed lease agreements for 28 aircraft, including 10 widebody aircraft and 18 narrowbody aircraft.
-purchased 7 aircraft, including 5 Airbus A320neo Family aircraft, 1 Boeing 787-9 and 1 Embraer E2.
-signed financing transactions for approximately USD 350 million.

AerCap is an aircraft leasing company with 1,372 owned, managed or on order aircraft in its portfolio as of March 31, 2020.